Major release for SoftwareIQ. This release moves us closer to our vision of a complete platform for software industry research combining a holistic fundamental KPI database with differentiated alternative datasets purpose-built for investment research. We’re adding hiring data sourced directly and processed with software-role business logic to isolate true software hiring signals from broader noise, along with developer metrics across GitHub and package usage to track product momentum and adoption more systematically in an increasingly AI-driven market. As AI speeds up software markets, alternative data paired with fundamentals offers clearer visibility into industry trends, winners, and losers. Thank you to our subscribers and everyone who has supported the journey! Check it out and start a trial today!

Amplitude's developer metrics continue to look strong. Python package installs (blue) continue to grow rapidly and surpassing now Mixpanel and Google Analytics. $AMPL

We're launching a new product capturing the SI ecosystem. Augment your channel checks with real hiring data from the partner ecosystem! We capture hiring tagged to providers across on-shore/near-shore markets. Track weekly growth of new practices and health of the partner ecosystem, by role, geography and partner. We cover tagging across public and private coverages. Evaluate total SI trends, ServiceNow partner health and new ecosystems around OpenAI, Anthropic. Now available in beta for our Pro subscribers. Send us feedback, or try it out today! First of many upcoming product announcements!

RingCentral looks to have a hiring freeze near May month close. $RNG

Narrative violation: software continues to see booked business grow faster than revenue across our coverage. Customers are continuing to commit contract to these systems despite AI spending. Left chart cRPO less Revenue: Right Chart RPO less Revenue

Updated quadrant view through Q1. Notable price outperformance / valaution premium is highly concentrated in the green quadrant where the topline is accelerateing. Green quadrant: >20% FCF Margins and >20% growth

$TEAM ramping hiring again following layoffs & hiring freeze. Hiring especially growing in the sales organization including enterprise sellers

Two nits on disclosure. SaaS holding 37% growth with accelerating YoY$. Not sure why this is buried in the 10-q. Rounding RPO to $100Ms not sure the rational for this with a different disclosed growth rate from the rounded amount and precise cRPO.

In what world does that guide make sense…. Booked business continues to be strong $ESTC

Elastic Q3 YTD with accelerated bookings and billings. Sales commissions are up substantially this year which can be a bullish signal for consumption models on high value workloads landed. Hiring slowed down through quarter end in R&D roles while sales hiring continued to grow

MongoDB reporting tonight. Hiring following steady growth. Enterprise Rep hiring nearly 2x from a year ago. Booked business accelerating massively though RPO while customer count accelerated in FY26. Ecosystem and usage metrics continue to look healthy.

Salesforce, Snowflake continue to ramp sales headcount. We're seeing more companies ramp sales hiring as we' are getting through 2026. Both following-up on a strong bookings Q4. $CRM $SNOW

Earnings preview for Nutanix following up on a soft Q1/Q2. Hiring trends look very strong especially after quarter close. Strength across all roles with customer success and AEs hiring into Q4.

Gitlab Duo trajectory looks incrementally positive this week on a low base. Massive market to gain share in vs. Codex & Claude code.

Increasingly becoming clear we've seen a step function change in software development rippling through our infrastructure SW coverage. Below random sample across our data. Software development is accelerating! We're now capturing these signals across public and private markets!

Intuit hiring trends up into the quarterly release. $INTU

Ahead Workday Q1 earnings hiring trends slowed down following quarter end, though quota capacity hiring continues at roughly historical levels (the roles matter!) Overall growth of the business has been durable but did show some softness last year.

Competition in the AI coding market continues to develop. Definitely seen a material impact on Claude code and shift to Codex.

Due to popular demand Gitlab DUO CLI is now live on our platform! Duo has been growing rapidly off of a small base. Overall ecosystem metrics are inflecting across $GTLB